Late December, President Trump announced a second round of stimulus checks will be heading to American’s bank accounts as soon as January 4, 2021. This round will provide $600 for individuals/$1200 for couples and an additional $600 per dependent.
IMPORTANT: As the second round of stimulus is coming just before tax season, the government has a deadline to get the stimulus funds out to Americans so the IRS can gear up for tax season.
If you do not receive the second stimulus check funds (or the first payment, or any other missing amounts) by January 15th, you will need to claim the funds on your 2020 taxes. Just claim the “Recovery Rebate Credit.” Read more here.
There are talks of a third round of stimulus checks coming early in President Biden’s first 100 days. We will update here as get updates. For now, check out these “Stimulus Checks ABC’s”